DRW Securities LLC Acquires New Position in APi Group Corporation $APG

Key Points

• DRW Securities LLC has acquired a new stake in APi Group Corporation, purchasing 7,644 shares valued at approximately $273,000.
• Several institutional investors have significantly increased their holdings in APi Group, with Durable Capital Partners LP boosting its position by 199.8%.
• APi Group's stock has been upgraded to a "buy" rating by multiple analysts, with an average price target now set at $36.10.

DRW Securities LLC purchased a new position in APi Group Corporation (NYSE:APG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,644 shares of the company's stock, valued at approximately $273,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in shares of APi Group in the 1st quarter valued at $38,000. GAMMA Investing LLC increased its holdings in APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after buying an additional 785 shares during the last quarter. Versant Capital Management Inc raised its stake in APi Group by 339.0% in the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after buying an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. raised its stake in APi Group by 40.5% in the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after buying an additional 482 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in APi Group by 6.7% during the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company's stock worth $145,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group increased their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $34.67 price target on shares of APi Group in a report on Friday, June 27th. Barclays reiterated an "overweight" rating and issued a $42.00 price target (up from $40.00) on shares of APi Group in a research note on Monday, August 4th. Truist Financial boosted their price objective on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $36.10.

APi Group Stock Performance

NYSE APG traded up $0.46 during trading on Thursday, reaching $35.05. The company's stock had a trading volume of 2,133,622 shares, compared to its average volume of 2,431,582. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45. The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 109.52 and a beta of 1.61. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The business's fifty day moving average price is $34.92 and its 200-day moving average price is $29.92.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business's quarterly revenue was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 190,000 shares of APi Group stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.88, for a total value of $6,627,200.00. Following the transaction, the director directly owned 7,443,101 shares in the company, valued at approximately $259,615,362.88. This trade represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Martin E. Franklin sold 1,200,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the sale, the director owned 19,868,790 shares of the company's stock, valued at $688,254,885.60. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,789,843 shares of company stock valued at $62,262,672. Company insiders own 17.00% of the company's stock.

APi Group Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.